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...economy is headed for a serious recession and needs a big stimulus. We need increased unemployment insurance; if states and localities are not helped, they will have to reduce expenditures as their tax revenues plummet, and their reduced spending will lead to a contraction of the economy. But to kick-start the economy, Washington must make investments in the future. Hurricane Katrina and the collapse of the bridge in Minneapolis were grim reminders of how decrepit our infrastructure has become. Investments in infrastructure and technology will stimulate the economy in the short run and enhance growth in the long...

Author: /time Magazine | Title: Nobel Laureate: How to Get Out of the Financial Crisis | 10/17/2008 | See Source »

...gain as many as eight seats, which would mean they would need no more than a single GOP vote or so to prevail on any given issue. That would also give them the cushion to do the one thing that many of them have been itching to do most: kick Joe Lieberman out of their caucus and strip him of his committee chairmanship for supporting John McCain...

Author: /time Magazine | Title: The Democrats Drive for 60 in the Senate | 10/16/2008 | See Source »

...kingdom was through joint ventures and local agents--many of whom brought no skills and little capital to the partnership. With that barrier gone, al-Dabbagh hopes investors will pour in: he expects the new cities to generate more than $100 billion in foreign investment. Saudi businesses may kick in two or three times as much...

Author: /time Magazine | Title: The Massive Master Plan | 10/16/2008 | See Source »

...freezer for 15 minutes), Velcro it on and it's like having a Popsicle when you were a kid - it somehow makes everything better. You can also heat the mask up in the microwave (15 seconds) to ease nasal congestion, soothe an allergy-puffed face or just kick back and relax (a mask cover is recommended, which also helps block light). Beaded Bliss, indeed. Price: $7.95 for eye mask; $6.95 for eye-mask cover

Author: /time Magazine | Title: Eye Masks: Deep Sleep Prescription-Free | 10/15/2008 | See Source »

...been infuriated by "scandalous incidents that occurred at the Stade de France" and had summoned the head of the nation's soccer federation for a carpeting. Sarkozy's biggest complaint: that official's failed to simply cancel Tuesday's match after the anthem was jeered ahead of the kick-off - a move that would have sent 60,000 well-behaved fans packing simply because a tiny minority had decided to push the patriotic buttons of France's leaders. From now on, however, France's players are under orders to take their ball and go home at the first sound...

Author: /time Magazine | Title: Booing the Marsellaise: A French Soccer Scandal | 10/15/2008 | See Source »

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